Markets· ★★· neutral·

Large addresses accumulate 240M DOGE worth $20M as price falls

  • —Large addresses bought 240M DOGE worth ~$20M between September 9 and 14
  • —DOGE price fell from $0.091 to $0.081 over the same period
  • —On September 20, DOGE is at $0.0847, down 3.5% daily and up 1.4% weekly
  • —Inflows to the Grayscale Dogecoin Fund on September 16 were $248,500
Why it matters: Whale accumulation contrasts with weak institutional demand: DOGE funds are seeing almost no inflows, and one of them is closing.
#DOGE
Source: CryptoTicker
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